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The strong performance of the financial sector makes it unlikely the market is near a top,...

The strong performance of the financial sector makes it unlikely the market is near a top, writes Mark Hulbert. Sectors that outperform in the quarter prior to a top are typically consumer discretionary and consumer staples, while financials typically lag before the peak. "Recent returns do not fit the mold ... prior to past market tops."
Comments (3)
  • But the character of trading today simply does not fit too.
    18 Apr 2012, 10:01 AM Reply Like
  • Yes, agreed if US was normal. We are not even close!
    To QE or Not to QE is BS with risks of drop greater regardless of EPS. Plus the FED as manipulated our mkts rightfully so. It's all ending one way or another......... Plus,

     

    Europe MUST be figured into Risk because its similar to our mkts.

     

    Spanish Auctions is what I'll be watching!!!!

     

    This Risks to US still remain high and unclear as the rest of the world struggles with Austerity. Are we really immune to the rest of the world? Make your arguments I'll take my money.

     

    Other than that I'm neutral/Short basis but I understand your view but we have been burned before at 13000 level plus sell in may and go away.
    18 Apr 2012, 10:31 AM Reply Like
  • Just looking at XLF, it was over $17 at this point last year and is at $15.39 today.

     

    When XLF goes back up over $17 and a little beyond, maybe $18, then maybe this market is at a top.
    18 Apr 2012, 12:23 PM Reply Like
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